MRO Magazine

Fish Processing Market Worth USD 222.71 Billion by 2021 – Segmentation by Category, Species, Application, Source, Equipment & Region – Research and Markets


June 17, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Fish Processing Market – Global Forecast to 2021” report to their offering.

The global market for fish processing has been growing steadily during the last few decades. In terms of value, the market is projected to reach USD 222.71 Billion by 2021, at a CAGR of 3.8% from 2016 to 2021 and is projected to reach 37,194.98 KT in terms of volume by 2021, at a CAGR of 2.2%.

Factors such as high nutritional profile and added health benefits of processed fish and fish products, growth in the aquaculture industry, and increase in health consciousness toward value-added fish products are driving the fish processing market.

The fish processing market was dominated by the Asia-Pacific region in 2015. It is projected to be the fastest-growing market from 2016 to 2021. Economic growth and the shift of the preferences of the consumers toward value-added processed fish products have led to the market growth in this region. In Europe, countries such as Germany, U.K., France, Italy, Portugal, and Poland have shown increment in the capture rate of marine fish catering to the increased demand for processed fish products.

The increasing prices of raw materials are adversely affecting the fish processing industry. The raw materials used in fish processing are a variety of fishes and other marine products. The prices of these raw materials are rising owing to the increase in the cost of aquaculture. Feed is the main input for any aquaculture and the prices of feed are continuously increasing due to which aquaculture is costly to maintain.

Companies Mentioned:

  • Charoen Pokphand Foods PCL
  • High Liner Foods Incorporated
  • Leroy Seafood Group ASA
  • Marine Harvest ASA
  • Maruha Nichiro Corporation
  • Nippon Suisan Kaisha, Ltd.
  • Norway Pelagic ASA
  • Pesconova S.A.
  • Royal Greenland A/S
  • Thai Union Frozen Products Public Company Limited

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 International Regulatory Framework

8 Fish Processing Market, By Category

9 Fish Processing Market, By Species

10 Fish Processing Market, By Source

11 Fish Processing Market, By Application

12 Fish Processing Market, By Equipment

13 Fish Processing Market, By Region

14 Competitive Landscape

15 Company Profiles

For more information visit http://www.researchandmarkets.com/research/542g79/fish_processing

Research and Markets
Laura Wood, Senior Manager
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Sector: Food Processing, Fish and Seafood